ISDS Case Map
Kazakhstan
An ICSID tribunal has ordered Kazakhstan to pay nearly US$25 million for the seizure of investments at the port of Aktau on the Caspian Sea.
An ICSID Arbitral Tribunal ordered Kazakhstan to pay Caratube USD 39.2 million in damages, plus USD 1,207,757.44, and well over 10 million USD in interest.
The dispute is based on the Energy Charter Treaty (ECT) and was initiated by Moldovan businessman Anatole Stati, his son Gabriel Stati and two companies owned by them.
The Svea Court of Appeal rejected the Republic of Kazakhstan's request to declare invalid or set aside the arbitral award in Stati v Kazakhstan. The judgment cannot be appealed.
Discussions on a free trade agreement between India and the Eurasian Economic Union are at an advanced stage and an agreement could be reached as early as the end of the year.
Eligible Canadian investors with property confiscated by the government of Kazakhstan are now legally entitled to international arbitration under the Canada/USSR BIT.
The Eurasian Economic Union (EEU) between Russia, Belarus and Kazakhstan may establish a free trade zone with the Asia-Pacific countries, Russian Prime Minister Dmitry Medvedev said on Thursday.
Kazakhstan has a right to withdraw from the Eurasian Economic Union if its interests are infringed, President of Kazakhstan Nursultan Nazarbayev reminded in an interview to Khabar TV Channel.
The deal signed last week by Russia, Belarus, and Kazakhstan to create a Eurasian Economic Union is yet another countermeasure against US and European attempts to isolate Russia.
Negotiations on concluding a free trade agreement among the member-states of the Customs Union of Belarus, Kazakhstan, the Russian Federation and the countries of the European Free Trade Association (Iceland, Lichtenstein, Norway and Switzerland) are under way.
